日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Policy speculation takes toll on equities

Updated: 2011-09-03 10:11

By Zhang Shidong (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Policy speculation takes toll on equities
Stock prices are displayed at a securities house in Shanghai.[Photo/Bloomberg]

SHANGHAI - Stocks on the Chinese mainland fell on Friday, capping the benchmark index's biggest weekly loss in three months. The retreat was the result of speculation that the government won't ease policy measures to cool inflation, even as economic and earnings growth slows.

Huaxia Bank Co and Industrial Bank Co led declines for banks after Caijing magazine reported that the odds China will lower the reserve-requirement ratio for small- and medium-sized banks are not big.

"The economic growth momentum is weak globally and investors are hesitant to increase their risk appetites," said Wei Wei, an analyst at West China Securities Co in Shanghai. "For China, the problem is still inflation and there won't be any easing before prices taper off."

The benchmark Shanghai Composite Index slid 27.76 points, or 1.1 percent, to 2528.28. It lost 3.2 percent this week, the most since the period ended on May 27, after the central bank ordered lenders to set aside more reserves against margin deposits. The CSI 300 Index fell 1.1 percent to 2803.85.

The Shanghai gauge has slumped 10 percent this year as the central bank raised interest rates five times and ordered lenders to set aside more cash as deposit reserves 12 times since the start of 2010 to contain inflation. It is valued at 11.6 times estimated earnings, matching a record low set on Aug 22, according to daily data compiled by Bloomberg.

Huaxia Bank, partly owned by Deutsche Bank AG, slid 2.1 percent to 10.36 yuan ($1.6). Industrial Bank, partly owned by a unit of HSBC Holdings Plc, fell 1.6 percent to 13.18 yuan. Shanghai Pudong Development Bank Co, the Chinese partner of Citigroup Inc, lost 0.9 percent to 9.29 yuan.

The chance is "quite small" that China's central bank will lower the reserve-requirement ratio for small- and medium-sized banks, Caijing reported, citing Industrial Bank economist Lu Zhengwei.

China's financial and industrial stock gauges in the CSI 300 slumped more than 3 percent this week after the central bank ordered on Aug 26 that lenders will have to include margin deposits in calculations of their reserve requirements starting from Sept 5. The move is intended to deal with the rapid growth in banks' off-balance sheet lending that's complicating the central bank's attempts to control liquidity, according to Wang Tao, a Hong Kong-based economist for UBS AG.

Bloomberg News

主站蜘蛛池模板: 天天性综合 | 亚洲专区中文字幕 | www.蜜臀 | 精品九九九 | a级片在线播放 | 四虎影视永久 | 五月婷婷一区二区 | 麻豆视频在线免费看 | 不卡国产视频 | 另类小说久久 | 天干夜夜爽爽日日日日 | 午夜影院h | 婷婷综合网站 | 深夜福利一区二区 | 一二三区在线观看 | 午夜影院黄色 | 国产福利精品视频 | 亚洲色图第三页 | 黄色一级免费 | 日本在线观看网址 | 在线中文字幕观看 | 成人无遮挡 | 黄色片毛片 | 在线精品观看 | 久久在线一区 | 91成人亚洲 | 激情第四色 | 久久久久久一区二区 | 尹人久久 | 欧美日黄| 337p粉嫩色噜噜噜大肥臀 | 亚洲精品小视频 | 欧美色图久久 | 一级片在线观看免费 | 精品国产一区二区三区久久狼黑人 | 伊人成综合 | 97久久精品人人澡人人爽 | 欧美性猛交ⅹ乱大交3 | 免费毛片大全 | 99热这里只有精品在线观看 | 久久久久久久一区二区三区 |